Retirement planning

Thirty-three percent of Boomers are worried they won’t have enough money saved for retirement, 34% do not know the age at which they will retire, and 57% plan to continue working, according to the findings of a survey by the Insured Retirement Institute.

Generation X and Y are warming up to investing more than any other age group, according to a survey by MFS Investments. But they remain largely reticent investors.

And 50% of workers are not sure they will have enough money to live comfortably in retirement, EBRI survey funds.

Forget retiring to a tony townhouse or a beach property in a warm climate. Clients are more concerned about having enough money for daily necessities, according to financial advisers polled by Sun Life Financial recently.A whopping 92% of advisers who responded to the Sun Life Financial study said their clients change their retirement income plans after retirement mainly to avoid running out of money, or to meet non-discretionary costs. More than one third, 34%, said clients adjust their plans to cover essentials, like unexpected healthcare costs. Just 21% said clients adjust plans to have more money for discretionary spending. Sun Life polled 477 financial advisers in March for the study.

T. Rowe Price suggests many boomers planning early retirement would be better off working through their 60s and saving less.

Forget satisfying lifestyle choices: Many investors will have to adjust their retirement expectations just to secure the necessities, according to a study by Sun Life.

“These customers are seeing their parents struggle,” an executive at Fidelity said. “I think that is making it poignant for them; they need to have a bigger focus on savings.”

The stunning decline in property values across most of the country, a prolonged recession and plain-old negligence and shortsightedness on the part of American workers have all combined to make retirement more a fantasy than a reality for tens of millions of Baby Boomers who are will soon turn 65 years of age.

Corporate pension plans have about $2 trillion in assets, and $200 billion to $400 billion could be in play in the next several years.

The stunning decline in property values across most of the country, a prolonged recession and plain-old negligence and shortsightedness on the part of American workers have all combined to make retirement more a fantasy than a reality for tens of millions of Baby Boomers who are will soon turn 65 years of age.

Despite the warnings from financial planners, relatives and the media, nearly two-thirds of Baby Boomers surveyed said Social Security will be either an "extremely" or "very" important source of income when they retire.

Despite the warnings from financial planners, relatives and the media, nearly two-thirds of Baby Boomers surveyed said social security will be either an "extremely" or "very" important source of income when they retire.

Twenty-seven percent say they are “not at all confident” they’ll have enough money, according to EBRI.

Financial advisers have known for some time that Americans have lost confidence in their ability to afford a comfortable retirement, but for confidence to plunge just as economic indicators were perking up?

Only 13% of investors surveyed said they were very confident they would have accumulated money enough by retirement to live comfortably.

And 84% want solutions for calculating and creating retirement income, ING study finds.

51% of pre-retirees and retirees with incomes between $25,000 and $75,000 had not been contacted by any kind of retirement professional in the past 12 months.

A majority of employees are looking for more guidance from their employers regarding their workplace retirement plans and their retirement goals, according to a white paper and study released Monday by the ING Retirement Research Institute.

A majority of Americans find retirement planning confusing and want additional help, a study by the ING Retirement Research Institute conducted by the Boston Consulting Group found.

"You've come a long way, baby," was the memorable slogan of the Virginia Slims ad campaign that kicked off in 1968.